6 350,00 USD

ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: According to businessmen, expensive energy has already affected the production of companies, including the Duslo chemical company. Farmers: The strengthening of the koruna exchange rate will reduce EU subsidies in real terms. Experts: Chip supplies for the automotive industry will only return to normal next year. North Korea is looking for new solutions to food shortages, breeding black swans for food. Exporters: Exports from the Czech Republic will be a record 3.8 trillion this year, but the balance will be negative. Consumer confidence in the US fell to a seven-month low in September. Prouza: The increase in rates will be a problem for exporters, good news for customers. According to economists, inflation is still not at its peak, it will be as high as seven percent. Businesses: The sharp increase in CNB rates will hit Czech companies hard. The state collected CZK 15 billion more in taxes at the end of September this year than a year ago. The Nobel Prize in Economics is awarded to David Card, Joshua Angrist and Guido Imbens. IMF: Introducing cryptocurrencies as legal tender is unreasonable and risky. According to Rusnok, Schillerová's statement regarding the increase in CNB rates is incompetent. According to economists, inflation will exceed five percent by the end of the year and the CNB will further increase rates. Industrial producer prices rose by 9.9 percent year-on-year in September, the most since 1993. Producer prices in China rose to a record high in September due to commodity prices.

Stock markets: The price of gold rose to a monthly high after the weakening of the dollar and bond yields. A Duchcov-based producer of semi-finished metal products faces a shortage of material. The EU and the US have resolved a protracted dispute over tariffs on aluminum and steel introduced by Trump. The price of zinc has risen significantly due to production outages, reaching its highest level in 14 years. The EU and the US will begin negotiations on a global agreement on sustainable steel and aluminium. The price of gold rose to a five-month high after the report on high inflation in the US.

Finance: The Hungarian central bank has raised the base interest rate to 1.65 percent. The Russian Expobank, which also does business in the Czech Republic, is in talks to sell its activities in Europe. The quarterly profit of the American bank JPMorgan rose by 24 percent. The British central bank did not raise interest rates, but the pound weakened significantly. Evergrande will sell part of its stake in Shengjing Bank to the state asset manager. Moneta's net profit rose by more than half to CZK 2.9 billion. Goldman Sachs' quarterly profit rose sharply, exceeding expectations. The Polish central bank intends to continue increasing its gold reserves. Acquisition Capital claims can be filed until November 1. G7 leaders approve principles for central bank digital currencies. The head of the German central bank, Jens Weidmann, is resigning for personal reasons. Česká spořitelna, earned a third more in the first three quarters than a year ago. Fincentrum: The volume of mortgages increased by 90 percent this year, last year was a record. Lufthansa wants to raise 2.1 billion euros from the sale of shares to repay a state loan. Index: The average Czech investor in funds earned 5.43 percent this year. According to the minutes of the meeting, the Fed could limit bond purchases in November. Banks will not immediately respond to the CNB's rate increase by raising the price of loans. The Danish central bank slightly lowered interest rates. The British banking company Barclays doubled its quarterly profit. The study found that only a handful of people and companies still hold the most bitcoins. Gold has fallen by almost a tenth this year, while oil, gas and coal have risen significantly. Norway's central bank has raised its base rate from zero to 0.25 percent. Global Payments is starting to accept cryptocurrencies through its payment terminals.